The article leans on Fatima Vawda, founder of 27four Investment Managers, who apparently stated that apart from the Public Investment Corporation, no-one is "supporting black asset managers". Ironically, the article goes on to quote three statements by Vawda that patently attribute the client selection to astute preference, certainly not lock-out.

These, states Vawda, are "under-representation of black firms, development of black professional skills and black firms not pulling their weight behind developmental funds".

These do not support the existence of a policy to lock out black asset managers. The evidence quoted by 27four raises the question: exactly who is locking them out? It looks more like a self-made problem, and racial harmony is not aided by this deliberate misinterpretation of facts reported.